Is the business good?
How good a business is MTSI?
MACOM Technology Solutions Holdings, Inc. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 1.7 points above what the capital costs: growth creates value
- Operating margin
- 18%
Operating margin · Semiconductors median 8.5% · 12 months to Q3 2026
- Cash conversion
- 0.85×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- +3.4%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 0.64% |
| FY2021 | 13% |
| FY2022 | 20% |
| FY2023 | 17% |
| FY2024 | 10% |
| FY2025 | 13% |
Details›
- Gross margin12 months to Q3 2026
- 57%
- Operating margin12 months to Q3 2026
- 18%
- Net margin12 months to Q3 2026
- 21%
- Free cash flow margin
- 18%
- R&D as % of revenue
- 23%
- Revenue, trailing twelve months
- $1.16B
- Free cash flow, trailing twelve months
- $204M
- Net income, trailing twelve months
- $241M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.